Hot Links for Weekend Reading… Yeah, they’re beating earnings estimates, but the revenues? Not so much. (TBP) The truth about all those vacant apartments in NYC. (Mises.org) Economy upgraded from “Catastrophe” to “Sucks” by Larry Summers. (Andy Borowitz) A MOMENT OF SILENCE FOR WALTER CRONKITE‘S PASSING AT 92. (NY POST) A pie chart of how…
Breakfast Links: Madoff, Google and Swiss Banking
Breakfast Links for June 29, 2009 It looks like the Suisse banks may have had enough in the US: UBS AG and Credit Suisse Group AG, the country’s biggest banks, have told Americans to move their money into specially created units registered in the U.S., or lose their accounts. Smaller private banks such as Geneva-based…
Market Recap: Bulls on the Loose, Google in the On Deck Circle
The Reformed Broker, AKA Phat Albert, here with today’s Market Recap… A lot of churning in the markets this morning, but the resolution was clearly to the upside. The Dow Jones Industrial Average is now at the highest point since the wheels fell off in early February. The consumer recovery plays were the winners today, with everything…
New Dow Jones Industrial Average Candidates?
As of this writing, there are 4 stocks in the Dow Jones Industrial Average that are trading under $10 per share (and several others that are close): Citigroup (C) Bank of America (BAC) General Motors (GM) Alcoa (AA) According to Jim Bianco of Bianco Research: “Dow Jones, the keeper of the DJIA, has an unwritten…
